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Feb 28, 2013
02/13
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president obama set to meet with congressional leaders tomorrow, after the $85 billion in cuts will take effect. the senate is expected to vote today on competing democratic and republican plans to replace those spending cuts but neither bill is expected to pass. >>> the american economy did better than first thought in the last quarter of last year. >> here with a revised number is kcbs radio's financial reporter jason brooks. good morning. >> reporter: good morning, michelle. good morning, frank. despite the worries over the federal budget cuts the stock market is on a rally the past few sessions. a lot of that because of the economy. it turns out that the economy did better in the 4th quarter of last year than first expected. commerce department with its first revision of gdp putting it at growth of a tenth of a percent. the original estimate showed a decline of a tenth of a percent. still very week and economists were looking for a better revision. they were looking for a half percent gain. saw a weaker consumer spending, imports dropped off big gain, decent gain in exports and busin
president obama set to meet with congressional leaders tomorrow, after the $85 billion in cuts will take effect. the senate is expected to vote today on competing democratic and republican plans to replace those spending cuts but neither bill is expected to pass. >>> the american economy did better than first thought in the last quarter of last year. >> here with a revised number is kcbs radio's financial reporter jason brooks. good morning. >> reporter: good morning,...
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Feb 28, 2013
02/13
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KRON
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president obama and congressional leaders are scheduled to meet tomorrow, the day of the deadline. this is a self-inflicted crisis in washington, these automatic cuts were put into the debt ceiling negotiations and gave lawmakers more than a year to come up with better cuts to replace these across-the- board cuts but of course congress has been unable to act. the irony here is that because the economy is improving, the u.s. government actually already has an additional 84 billion in revenues so far this year but the federal budget is still 1.3 trillion short. theses could have at a major affect in california with a projected loss of $10 billion in federal funds. it is possible that with the fund's kicking and tomorrow the lawmakers could compromise next week and do something that attractively. >> 6 07 a m and coming up a uc santa cruz student of the death of a campus. we will have the details. we are also live at st. peter's basilica in rome where hours from now, the pope benedictus will be, thibecome te first pope to step aside and 600 years. he will be leading by helicopter today
president obama and congressional leaders are scheduled to meet tomorrow, the day of the deadline. this is a self-inflicted crisis in washington, these automatic cuts were put into the debt ceiling negotiations and gave lawmakers more than a year to come up with better cuts to replace these across-the- board cuts but of course congress has been unable to act. the irony here is that because the economy is improving, the u.s. government actually already has an additional 84 billion in revenues so...
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Feb 28, 2013
02/13
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KGO
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this comes as the obama administration face as deadline today on whether to weigh in on the proposition 8 case before the supreme court which will hear arguments next month in an interview you saw only on abc7 the president told dan ashley he wants to make sure his administration doesn't interject too far into the case but the president did add that the couples should have the right to marry. we report that lawyers for the white house will show sympathy of gay rights but stop short of saying states can never ban gay marriage. >> day until massive federal budget cuts kick in across the board in washington, dc, and we learn how california will feel the impact if a deal is not reached. there would be an impact. >> there would, kristen. president obama is saying people will not feel the impact right away but we are talking $85 billion some of which is earmarked for california. the white house says 64,000 civilian defense workers could be furloughed and an economist in los angeles says 175,000 nondefense jobs could be at risk schools in california could lose billions in research funding and
this comes as the obama administration face as deadline today on whether to weigh in on the proposition 8 case before the supreme court which will hear arguments next month in an interview you saw only on abc7 the president told dan ashley he wants to make sure his administration doesn't interject too far into the case but the president did add that the couples should have the right to marry. we report that lawyers for the white house will show sympathy of gay rights but stop short of saying...
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Feb 28, 2013
02/13
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president obama is set to meet with leaders but as cbs news's susan mcginnis report, the meeting will take place after the budget cuts take effect. >> reporter: president obama has softened his language about the impact of the across-the- board budget cuts which kick in tomorrow. >> this is not a cliff. but it is a tumble downward. >> reporter: still he warned a group of business leaders in washington, d.c. wednesday night that the cuts will hurt. >> this is going to be a big hit on the economy. >> reporter: both sides do seem to agree on one thing. the cuts will begin tomorrow. each side blames the other for lack of action. >> they prefer to keep it alive as a political issue instead. >> reporter: democrats will offer up a plan today but republicans will reject it because along with spending cuts, it includes higher taxes from closing loopholes. >> all we're offered is a gimmicky tax hike that's designed to fail. >> reporter: and a republican bill being proposed today isn't likely to pass either. it gives the president flexibility to decide where to make spending cuts but does not br
president obama is set to meet with leaders but as cbs news's susan mcginnis report, the meeting will take place after the budget cuts take effect. >> reporter: president obama has softened his language about the impact of the across-the- board budget cuts which kick in tomorrow. >> this is not a cliff. but it is a tumble downward. >> reporter: still he warned a group of business leaders in washington, d.c. wednesday night that the cuts will hurt. >> this is going to be...
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Feb 28, 2013
02/13
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KGO
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president obama this morning is saying people will not feel the full effect right away. also this morning, he is backing off the most severe warning, at a dynel we are business leaders rather than calling the cuts a fiscal cliff, president obama described the fallout of more of a tumble down work. $85 billion is coming out of the economy in less than 48 hours unless lawmakers can compromise. >> i have not seen things done in two days in washington, dc in some time. on the other hand, the good news is the public is paying attention to this and we are still ready to work with them to get something responsible passed. we can't do it alone. >> that was katie marzullo. >> he said democrats must accept some changes to government entitlement programs. the nonpartisan congressional budget office is weighing in and it finds the white house-backed legislation in the senate would raise the deficit through the end of the budget year by tens of billions. live in the newsroom for abc7 news. >> oakland mayor is focused on adding 200 new police officers to help the city combat crime. la
president obama this morning is saying people will not feel the full effect right away. also this morning, he is backing off the most severe warning, at a dynel we are business leaders rather than calling the cuts a fiscal cliff, president obama described the fallout of more of a tumble down work. $85 billion is coming out of the economy in less than 48 hours unless lawmakers can compromise. >> i have not seen things done in two days in washington, dc in some time. on the other hand, the...
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Feb 28, 2013
02/13
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FBC
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president obama's says these cuts could trigger a recession. why he thinks more taxes would trigger recession and what he thinks it should do to create an overall economic growth. that is so we all want. ♪ have given way to sleeping. tossing and turning where sleepless nights yield to restful sleep. and lunesta®(eszopiclone) can help you get there. like it has for so many people before. when taking lunesta, don't drive or operate machinery until you feel fully awake. walking, eating, driving, or engaging in other activities while asleep, without remembering it the next day, have been reported lunesta should not be taken together with alhol. abnormal behaviors may include aggressiveness, agitation, hallucinations, or confusion. in depressed patients, worsening of depression, including risk of suicide, may occur. alcohol may increase these risks. allergic reactions such as tongue or throat swelling occur rarely and may be fatal. side effects may include unpleasant taste, headache, dizziness, and morning drowsiness. ask your doctor if lunesta i
president obama's says these cuts could trigger a recession. why he thinks more taxes would trigger recession and what he thinks it should do to create an overall economic growth. that is so we all want. ♪ have given way to sleeping. tossing and turning where sleepless nights yield to restful sleep. and lunesta®(eszopiclone) can help you get there. like it has for so many people before. when taking lunesta, don't drive or operate machinery until you feel fully awake. walking, eating,...
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Feb 28, 2013
02/13
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KRON
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president obama and congressional leaders are scheduled to meet tomorrow the day of the deadline. white house spokesman jay carney says, the friday talks are intended to be a constructive discussion about how to keep the cut from having a forharmful consequences. >> to prepare for those cuts federal immigration authorities have released hundreds of detainees. authorities say, they were in the process of being removed from the u.s. the release is just the latest example of the unintended consequences to come from the force spending cuts. meantime, the white house says, they were not notified. >> meanwhile here in california the san bernadine no county officials have calculated just how much the sixth day manhunt for former lapd officer christopher dorner cost. the price tag for the surgeon investigations comes to about $550,000. the figure includes the sears departments lead search of the san bernardino mountains involving 10 other agencies. dorner was founded in a burn cabin after a shootout with police earlier this month. >> let us turn to our weather with erica. >> good morning
president obama and congressional leaders are scheduled to meet tomorrow the day of the deadline. white house spokesman jay carney says, the friday talks are intended to be a constructive discussion about how to keep the cut from having a forharmful consequences. >> to prepare for those cuts federal immigration authorities have released hundreds of detainees. authorities say, they were in the process of being removed from the u.s. the release is just the latest example of the unintended...
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Feb 28, 2013
02/13
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president obama is planning to meet with both sides on friday, tomorrow. the day the cuts are supposed to take effect. >>> boeing says it has a permanent fix to get its krou troubled 787 dreamliner back in the sky. they're going to rewire the batteries to prevent short circuiting to spread to other cells. >>> santa cruz police officers will be back on the streets today after taking a day off to mourn the deaths of two officers. two of their own. last night the community held a vigil for sergeant loren baker and deckive elizabeth butler. the two were shot and killed as they investigated a sexual assault case. >>> one final check of the weather with meteorologist christina loren. >> good morning to you. it's going to be a beautiful day. right at room temperature in the heat of the day inland. 72 degrees. that means you can give your heater a break. save on your pg & e bill. this weekend, you might be able to give your heater a break all night long. we are warming you up. bayside, 69. 69 at the coast. rain on the ray. if you missed your seven-day outlook, don
president obama is planning to meet with both sides on friday, tomorrow. the day the cuts are supposed to take effect. >>> boeing says it has a permanent fix to get its krou troubled 787 dreamliner back in the sky. they're going to rewire the batteries to prevent short circuiting to spread to other cells. >>> santa cruz police officers will be back on the streets today after taking a day off to mourn the deaths of two officers. two of their own. last night the community held a...
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Feb 28, 2013
02/13
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FBC
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there's -- over the past four years, obama's budgets spent over $12 trillion. we're going to have a growth rate this year of 1.4%. dagen: barely growing. >> no evidence whatsoever all this federal spending is producing economic growth. give -- connell: give us a prediction how it ends if tomorrow's deadline, forget about it, the sequester goes into effect, but then you'll get another deadline, government shut down is the next conversation. >> i don't think we'll get a government shut down. one point, connell, if that sequester takes effect, i think the result is positive in the sense it shows that the united states government, unlike all of the other western governments, can reduce its public spending, and i think the effect will be distributed widely enough that it won't be deeply felt in the economy, and it'll be a down payment on doing more of these sorts of thing suggested, more serious reconstruction of the federal budget. connell: thank you, dan. dagen: read dan's column. it's a history lesson, incredibly geniusly written history lesson. thank you very mu
there's -- over the past four years, obama's budgets spent over $12 trillion. we're going to have a growth rate this year of 1.4%. dagen: barely growing. >> no evidence whatsoever all this federal spending is producing economic growth. give -- connell: give us a prediction how it ends if tomorrow's deadline, forget about it, the sequester goes into effect, but then you'll get another deadline, government shut down is the next conversation. >> i don't think we'll get a government...
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Feb 28, 2013
02/13
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KRON
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obama to launch a new program to increase physical activity in schools. also expected to appear at the yvette, olympic gold medalist at gabby douglas a tennis star as a reno williamserena williams. >> we will be right back. >> welcome back the time is 7:29 a.m.. >> tomorrow will certainly be the day for you to be out and about. today however we are celebrating 40's and low '50's outside right now. yesterday were clinging on to low 20s. tomorrow is expected to be the warmest day of the week and we do have big changes to talk about with the potential of sprinkles. >> they quit the commute check from the golden gate bridge. the traffic is doing well and we are seeing heavier traffic through the east bay perry ed moderate to heavy conditions for the south bay freeway but it is still not too bad for the peninsula and north bay rides. >> 7:30 a.m.. we are following the latest this morning out of santa cruz were two officers were shot and killed tuesday before the suspect was also killed. kron 4 will tran is liven santa cruz. >> the communique continues to come
obama to launch a new program to increase physical activity in schools. also expected to appear at the yvette, olympic gold medalist at gabby douglas a tennis star as a reno williamserena williams. >> we will be right back. >> welcome back the time is 7:29 a.m.. >> tomorrow will certainly be the day for you to be out and about. today however we are celebrating 40's and low '50's outside right now. yesterday were clinging on to low 20s. tomorrow is expected to be the warmest...